In the UK, eight-in-ten employees underestimate the value of their total reward by up to 30%.
When we consider this statistic, it’s mind-blowing to think the majority of people who work for your company have no idea just what value they receive from their employer. A new generation is entering the workforce, bringing a very different set of expectations and values beyond a competitive salary. Employers need to provide elements of work that didn’t exist just 10 or 15 years ago:
- Personalised benefitspackages
- Employee wellbeing offerings
- Engaging, physical workspaces
- Social and culture-led workplace communities
- CSR and green initiatives
In terms of what an employer can deliver, these elements can be grouped under the interlinking umbrellas of employee experience and personalisation – and can all be displayed within total rewards.
Read the full article here